Are You Leaving Enough? Average Inheritance Retirees Are Leaving To Heirs

Leaving an inheritance can be challenging. This can be seen in how even though most people would like to leave an inheritance to their heirs, a sizable minority feels like they aren't on the right track in this regard.

What Is the Average Inheritance?

There are statistics for this kind of thing. As a result, you don't need to make guesses for what the average inheritance might be. From 2016 to 2019, the average inheritance in the United States was $46,200. However, the exact number in each case could see considerable variation based on a wide range of factors.

What Counts As a Large Inheritance?

It is interesting to note that the average inheritance of $46,200 is quite a bit lower than the average expected inheritance of $72,200 over the same period. For the wealthiest one percent, the average inheritance was $719,999 while for the next wealthiest nine percent, the average inheritance was $174,200. As such, it seems reasonable to say that anything around $100,000 can be considered a large inheritance.

Communication Is Always Important

No matter what you want to do, you should remember that communication is always important when it comes to sensitive matters. You should make it clear what you have in mind. Furthermore, it can be a good idea for you to explain why you have made the decisions that you did.